it's 5:00 in new york city and this is "the five." >> here's one more reason not to let washington near your pocketbook. today the congressional budget office announced politicians in d.c. spend 850 billion more than they take in and are on track to have the national debt hit 26 trillion the next ten years. after those numbers were released. the president played small ball urging congress to pass a smaller package before automatic cuts go into effect march 1st. >> in congress can't act immediately on a bigger package, if they can't get a bigger package done by the time the sequester is scheduled to go into effect, i believe they should at least pass a smaller package. there's no reason that the jobs of thousands of americans who work in national security or education or clean energy, not to mention the growth of the entire economy should be in jeopardy because folks in washington couldn't come together. >> all right, the cbo estimated today in the fiscal 2013 budget $850 billion will be the deficit and we looked at the charts. people will argue, probably the man here, that it's going to